The Commodity Boom Is Starting to Push Battery Prices Higher
- Chinese battery maker Gotion is asking clients to pay more
- Raw material surge threatens to halt decade-long drop in costs
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The world’s biggest battery market is showing the strain of surging commodity prices.
Chinese manufacturer Gotion High-tech Co. sent a letter to customers in mid-October seeking to adjust battery prices, citing a jump in the cost of cathode materials and electrolyte to copper and aluminum foil. The company said it “has tried its best to reduce the cost impacts but with little effect.”